Samsung to Slow Down Manufacturing in China, Now Focuses on India and Vietnam

A revelation has come up concerning the South Korean electronics manufacturing giant Samsung. The company has reportedly announced that it would cut manufacturing in China and would shift focus to other countries like India and Vietnam. As per this new report Samsung has taken this step to deal with the declining profits in the country. To recall, Samsung had been manufacturing in China at the Tianjin Samsung Telecommunications Co (TSTC).

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The South Korean tech giant in July inaugurated a new 35-acre facility in India which is touted as the world’s biggest mobile manufacturing plant. Samsung which is currently making 67 million smartphones in India. And with the new plant being functional, it is expected to manufacture nearly 120 million mobile phones.

The company is also strengthening its production lines in Vietnam and India, targeting rising demand in these fast-growing markets as well as making them production bases for exports to the global market.

“Samsung Electronics is cutting its smartphone production in China to cope with falling sales in the country, showing how the South Korean tech giant is struggling to rebound in the world’s largest smartphone market,” Nikkei Asian Review reported late on Monday.

Analysts believe the company should do more in China to woo consumers reports IANS.

“I do think that Samsung needs to pay more attention to China. China is a big market, and I think that a more focused approach to China will help manage its expectations,” Carolina Milanesi, an analyst at Creative Strategies, a US-based market research firm, was quoted as saying by Nikkei Asian Review.